Ten Entertainment jumps on higher HY profit, sales
21/09/2022 10:09
** Shares of entertainment centers operator Ten
Entertainment TEG.L jump as much as 6.3% to 201p
** Stock is the top pct gainer on FTSE Small Cap .FTSC
index
** Co says H1 adjusted pretax profit rose 12.9% to 15.7 mln
pounds ($17.8 mln) urn:newsml:reuters.com:*:nTUC4MSGPY
** H1 total sales soar 496% to 63.2 mln pounds vs 10.6 mln
pounds a year ago; sales also up 52.6% from 2019 levels
** Sees 2023 inflation to be managed through footfall growth
with limited need for price increases
** We believe our business is well set and positioned to
match current expectations for this year - Co
** Set to post best day since July 6
** Including session gains, stock has fallen about 18% YTD
($1 = 0.8825 pounds)
(Reporting by Amna Karimi in Bengaluru)
((Amna.Karimi@thomsonreuters.com; +91 8083261226;))